Joe Biden and Sen. Kamala Harris want to enact $4 trillion in taxes, and if they win the presidential race and their plans come through, “You will see a depression the likes of which you have never seen,” President Donald Trump warned Thursday.
“You’ll have to go back to 1929, I guess it doesn’t get too much worse than that, and you’ll just see that,” Trump told Fox Business’ Maria Bartiromo. “They want to tax $4 trillion. It’s going to be the biggest tax increase in history by far. It will triple up records, and they are big taxers. It’s just something that won’t work.”
The stock market, he added, is “almost back to where we were,” and “we’re still in the pandemic, which will be going away, as I say, it will be going away.”
He also pointed out that the Dow Jones Industrial Average and Nasdaq composite have been “hitting records,” but the economy in 2021 “depends on who wins.”
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